General Dynamics Corporation $GD Holdings Decreased by Saratoga Research & Investment Management

Saratoga Research & Investment Management reduced its holdings in General Dynamics Corporation (NYSE:GD - Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,088 shares of the aerospace company's stock after selling 8,777 shares during the period. General Dynamics comprises about 3.2% of Saratoga Research & Investment Management's holdings, making the stock its 13th largest holding. Saratoga Research & Investment Management owned approximately 0.08% of General Dynamics worth $60,108,000 at the end of the most recent quarter.Get General Dynamics alerts:General Dynamics Hits New Highs: Why It Might Keep ClimbingOther institutional investors and hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its position in shares of General Dynamics by 34.8% in the first quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company's stock worth $749,252,000 after purchasing an additional 709,782 shares in the last quarter. Prudential Financial Inc. lifted its position in General Dynamics by 142.5% in the 2nd quarter. Prudential Financial Inc. now owns 438,311 shares of the aerospace company's stock worth $127,838,000 after buying an additional 257,534 shares in the last quarter. AQR Capital Management LLC lifted its position in General Dynamics by 43.0% in the 2nd quarter. AQR Capital Management LLC now owns 762,168 shares of the aerospace company's stock worth $222,294,000 after buying an additional 229,352 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of General Dynamics during the 2nd quarter valued at $66,599,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of General Dynamics by 55.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 589,899 shares of the aerospace company's stock valued at $172,050,000 after acquiring an additional 210,438 shares in the last quarter. Hedge funds and other institutional investors own 86.14% of the company's stock. General Dynamics Stock Down 1.2%GD opened at $337.45 on Friday. The firm has a market cap of $91.15 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.71 and a beta of 0.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.87 and a current ratio of 1.40. The business has a 50 day moving average price of $341.11 and a 200 day moving average price of $318.80. General Dynamics Corporation has a twelve month low of $239.20 and a twelve month high of $360.50. Green Dot's 30% Rally: Turnaround Takes Off on Explosive EarningsGeneral Dynamics (NYSE:GD - Get Free Report) last released its quarterly earnings results on Friday, October 24th. The aerospace company reported $3.88 EPS for the quarter, beating analysts' consensus estimates of $3.69 by $0.19. The company had revenue of $12.91 billion for the quarter, compared to analyst estimates of $12.49 billion. General Dynamics had a net margin of 8.18% and a return on equity of 18.27%. The company's quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm posted $3.35 earnings per share. General Dynamics has set its FY 2025 guidance at 15.300-15.35 EPS. Research analysts forecast that General Dynamics Corporation will post 14.83 EPS for the current year. General Dynamics Announces DividendThe company also recently declared a quarterly dividend, which will be paid on Friday, February 6th. Shareholders of record on Friday, January 16th will be issued a dividend of $1.50 per share. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Friday, January 16th. General Dynamics's dividend payout ratio is 38.89%. Analyst Ratings ChangesAmerica Wants Drone Dominance: Are These Stocks Ready to Soar?Several brokerages recently issued reports on GD. Citigroup started coverage on General Dynamics in a report on Thursday. They set a "neutral" rating and a $371.00 price objective for the company. Vertical Research raised General Dynamics from a "hold" rating to a "buy" rating and set a $400.00 target price on the stock in a research report on Monday, October 27th. Melius Research upgraded General Dynamics to a "strong-buy" rating in a report on Tuesday, October 28th. UBS Group boosted their price target on General Dynamics from $369.00 to $381.00 and gave the company a "neutral" rating in a research note on Monday, October 27th. Finally, Sanford C. Bernstein raised their price objective on shares of General Dynamics from $335.00 to $388.00 and gave the company a "market perform" rating in a research report on Tuesday, October 28th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $358.25.View Our Latest Report on General DynamicsGeneral Dynamics Company Profile (Free Report)General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.Read MoreFive stocks we like better than General DynamicsWhat is Short Interest? 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